Corporation Bank
How the PSU bank merger that comes into force on April 1 will impact you
PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity
 "How the PSU bank merger that comes into force on April 1 will impact you")
Seven merged banks to see cheque book changes from April 1
The banks affected by these changes are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
 "Seven merged banks to see cheque book changes from April 1")
Union AMC aims to double assets base to Rs 10,000 crore this year
The fund house has more branches, workforce, and number of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year
 "Union AMC aims to double assets base to Rs 10,000 crore this year")
S&P affirms Union Bank's long, short term rating, revises SACP to 'BB-'
The bank's capital buffers have weakened due to the its merger with Andhra Bank and Corporation Bank earlier this year
 "S&P affirms Union Bank's long, short term rating, revises SACP to 'BB-'")
We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G
Union Bank of India's Rajkiran Rai G, in an interview with Abhijit Lele, talks about managing the integration of banks amid lockdown, raising capital
 "We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G")
Market Ahead, April 1: Top Factors That Could Guide Markets Today
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
 "Market Ahead, April 1: Top Factors That Could Guide Markets Today")
Coronavirus outbreak disrupts PSB merger as banks put programmes on hold
According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.
 "Coronavirus outbreak disrupts PSB merger as banks put programmes on hold")
FM Nirmala Sitharaman to review bank merger preparedness on Thursday
Banks likely to set up common call centres and monitoring cells
 "FM Nirmala Sitharaman to review bank merger preparedness on Thursday")
Corporation Bank Q3 net jumps 7-fold to Rs 421cr, gross NPA at Rs 19,557 cr
Income increased to Rs 6,051.93 crore, from Rs 4,112.29 crore. On a standalone basis, the net profit increased to Rs 420.68 crore in 3rd quarter ended December 31, 2019 from Rs 60.53 crore a year ago.
 "Corporation Bank Q3 net jumps 7-fold to Rs 421cr, gross NPA at Rs 19,557 cr")
Corporation Bank surges 68% in three days post Essar Steel ruling
The Supreme Court (SC) on Friday said the National Company Law Appellate Tribunal (NCLAT) should not interfere with the decisions of the committee of creditors (CoC) in the Essar Steel insolvency case
 "Corporation Bank surges 68% in three days post Essar Steel ruling")
Bank stocks cheer SC verdict on ArcelorMittal's acquisition of Essar steel
While Corporation Bank gained the most, up 17 per cent in Friday's trade, State Bank of India (SBI), IDBI Bank, Punjab National Bank, and Canara Bank rose 2.5-5 per cent
 "Bank stocks cheer SC verdict on ArcelorMittal's acquisition of Essar steel")
Corporation Bank net profit up 26% to Rs 130 cr as asset quality improves
Net NPAs or bad loans fell substantially to 5.59 per cent (Rs 6,751.20 crore), against 11.65 per cent (Rs 13,534.01 crore) a year ago.
 "Corporation Bank net profit up 26% to Rs 130 cr as asset quality improves")
Bank of India introduces repo-based interest rate for select loan products
Corporation Bank also announced launch of home loans linked with external benchmark
 "Bank of India introduces repo-based interest rate for select loan products")
Government creates banking behemoths to boost India's flagging economy
News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth
 "Government creates banking behemoths to boost India's flagging economy")
Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
UP govt to raise Rs 9,000 crore bank loan for two highway projects
The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway are estimated to cost Rs 14,849 crore and Rs 5,876 crore
 "UP govt to raise Rs 9,000 crore bank loan for two highway projects")
Corp Bank to lend Rs 1,000 cr for 340 km stretch of Purvanchal Expressway
Yogi govt has firmed up bank and institutional loans worth Rs 8,800 cr for the Rs 23,000 cr project
Corporation Bank eyes 15% growth in advances; no new branches immediately
The state-run bank has no plans to open new branches immediately
Corporation Bank launches loan scheme for MSME sector
State-owned Corporation Bank has launched 'SMESuvidha' scheme to provide loans to the GST-registered MSMEs at affordable interest rates. The product is designed as a part of the lender's efforts to improve service and provide best products to MSME sector, the bank's MD P V Bharathi said in a statement Monday. This is a unique product for GST-registered Micro, Small and Medium Enterprises (MSMEs). It provides a competitive interest rate structure in the industry and also has various concessions suiting the developing entrepreneur, she said. The bank is actively participating in the government's flagship programmes including 'MUDRA' and 'Stand-up India' to provide much-needed push to the MSME sector, the statement said. Corporation Bank has already launched an online loan facility for MSME borrowers and offers customised loan schemes through its dedicated 177 'Specialised MSME Branches' across the country. The bank provides concession in interest rate on loans offered to women ...
Corporation Bank plans to raise Rs 4,000 crore capital in two years
The bank came out of the Reserve Bank of India's Prompt Corrective Action regime in the fourth quarter ended March 2019
